9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
_____
<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
Answer:
1/2
Step-by-step explanation:
1/4 (4x - 8) + 3x =0
distribute the 1/4
x-2+3x=0
combine like terms
-2+4x=0
move -2 to the other side [by ADDing +2 to each side
4x=2
divide [by 4 on both sides]
x=1/2
Answer:
The first five terms are;
-3,-7,11,-29,69
Step-by-step explanation:
The recursive definition of the sequence is
, 
and 
.
When n=3, we obtain;
.
.
.
.
When n=4
.
.
When n=5
.
.
Therefore the first five terms are;
-3,-7,11,-29,69
£24 / 3 = <span>£8
</span>£8 x 7 = £56
if Zoe received £24 then <span>Hannah received £56</span>
The mean does not always equal the median.
The mean does not never equal the median.
But the mean does sometimes equal the median.
